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/biz/ - Business & Finance

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11879242 No.11879242 [Reply] [Original]

$70?

>> No.11879289

>>11879242

Maybe, expect all the CDPs to take one more last stand then the liquidation could flash crash ETH

https://mkr.tools/system/liquidations

>> No.11879306

>>11879242
10000

>> No.11879322

>>11879242
God i wish it won't, but it will

>> No.11879324

>>11879242
$7

>> No.11879339

>>11879289
Can you explain this please?

>> No.11879340

>>11879242
Much profound. Such discussion. Number + question mark.

Faggot.

>> No.11879357

>>11879324
mfw theres enough tether to buy whole marketcap of eth long before $7

if you think they are sitting at the sidelines for nothing you're retarded

>> No.11879409
File: 418 KB, 750x744, 0AE0CF57-28A2-4859-9A10-4A3EB1C87C66.png [View same] [iqdb] [saucenao] [google]
11879409

>> No.11879458

>>11879339

Basically a bunch of idiots margin longed ETH at much higher prices, and if they don't keep adding to their collateral, they could be liquidated or bit if the price of ETH reaches their magic number for an 1 hour or more.

TLDR potentially $50-60million in ETH could be immediately sold to buyers who will they likely turn around and sell on exchanges to make a small profit.

This could be an argument against it going that low as well though, depends how deep of pockets the margin longs have

>> No.11879538

>>11879242
less than $50

>> No.11879564

If this dump doesn't continue until i get my Christmas bonus I'm going to reee out the window face first into the ground